SkyBridge Capital CEO Anthony Scaramucci, in an interview with CNBC, offered an optimistic forecast for the outlook for the digital-asset market.
According to him, the key drivers of cryptocurrency growth will be:
- the signing of major business deals;
- a decline in inflation;
- The Merge upgrade, planned for the Ethereum mainnet on September 15-16.
Scaramucci advised other investors to pay attention to the current state of the digital-asset market, and to holders to ‘stay patient and play the long game’.
“CEO [BlackRock’s asset-management chief] Larry Fink sees institutional demand for cryptocurrencies. Otherwise he would not have created these products and team up with Coinbase,” he explained.
The SkyBridge Capital CEO reminded of Bitcoin’s capped issuance at 21 million coins, which will lead to a “surge in demand with a limited supply”.
He believes that the first cryptocurrency could show unprecedented growth over the next six years.
“If we are right, and Bitcoin goes to $300,000, it won’t matter whether you bought it at $20,000 or $60,000. The future is ours. This will happen sooner than I thought,” Scaramucci said.
In May he refrained from forecasting the trajectory of digital gold, and advised investors to ‘stick to quality assets’ and to be prepared for any turn.
Bank of America noted that heightened outflows from crypto exchanges and rising net inflows into stablecoins signal bullish signals for Bitcoin.
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